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Life Insurance in Winston Salem

Our specialists are the answer you’re looking for if you need life insurance in Winston Salem. We take your unique situation into account in order to select the option that will work best for you. Add a little additional stability to your future by contacting us now.

What is Senior Life Insurance?

Senior life insurance is an agreement between an insurance agency and a customer which outlines the obligations of each party. The customer agrees to pay a specified amount of money at scheduled intervals, which is known as a “premium”. In return, the company will pay a lump sum to a designated beneficiary after a specified event (usually the policyholder’s death).

What is the difference between term & universal life insurance

With term life insurance, the policy owner pays for a certain time period and the benefits lasts for a set period.

In contrast, whole or universal senior life insurance is guaranteed* for the duration of the owner’s life. The benefits of this kind of senior life insurance include easy access to funds and tax-advantaged growth of wealth.

Each form of senior life insurance has benefits. To find out which senior life insurance solution will work for you, speak with our insurance professionals in Winston Salem.

How does senior life insurance compare to other investment options?

The pluses and minuses of to each investment program will be specific to you, depending on your financial circumstance. If you want to make the correct choice, you must select an experienced financial professional.

Who Needs Senior Life Insurance?

The simple answer? Everyone should buy senior life insurance.

Why Should You Buy Senior Life Insurance?

  • Remove the burden of paying for funeral expenses from your family members.
  • To cover college tuition, utility bills, food, and other costs of living.
  • Paying off mortgages and other outstanding debts.

These only represent a fraction of the reasons why you need senior life insurance. Contact a senior life insurance professional at Semmax Financial Group to find out more about your options.

*Disclosure: Insurance Products guarantees are subject to the financial strength and claims‐paying ability of the issuing company, and may be subject to restrictions, limitations or early withdrawal fees. Annuities are not FDIC insured.

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